Legend Holdings Corporation Class H (HK:3396) has released an update.
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Legend Holdings Corporation has issued a profit warning, anticipating its profit before tax for the first half of 2024 to range from RMB2,800 million to RMB3,300 million, with a net profit for equity holders not exceeding RMB300 million. This represents a decrease from the RMB668 million recorded in the same period the previous year, primarily due to global economic uncertainties affecting its industrial operations and investment returns. The company advises shareholders and potential investors to exercise caution, noting that these preliminary figures are subject to review and the final interim results will be published by the end of August 2024.
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